hotel.de AG
hotel.de AG presents its figures for first nine months of 2010
hotel.de AG / Key word(s): Quarter Results 03.11.2010 10:28 Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- hotel.de AG presents its figures for first nine months of 2010 - Sales rise 11.6% to Euro 27.08 million - At Euro 1.57 million, EBIT exceeds expectations - Full-year earnings forecast adjusted to at least Euro 1.9 million Nuremberg, 3.11.2010 - Sales at hotel.de AG increased to Euro 27.08 million in the first nine months of 2010, up 11.6% on the figure of Euro 24.27 million reported for the equivalent period in the previous year. Earnings before interest and taxes (EBIT) rose by 151.6% from Euro 0.62 million to Euro 1.57 million. hotel.de AG thus exceeded its earnings forecast for the 2010 financial year as a whole, which foresaw a slight improvement in EBIT, by the end of the third quarter already. This growth was mainly driven by the company's dynamic business performance in the third quarter of 2010. Sales in the period from July to September rose year-on-year by 13.6% from Euro 8.91 million to Euro 10.13 million. EBIT improved by 66.9% from Euro 0.92 million to Euro 1.53 million. The company's key figures benefited on the one hand from the successful implementation of measures it has taken to enhance sales and earnings. On the other hand, the sharp rise in business travel activity after the end of the school holidays impacted positively on revenues in September in particular. In view of this, the Management Board is adjusting its earnings forecast for the 2010 financial year as a whole and now expects the company to post EBIT of at least Euro 1.9 million. The Management Board has nevertheless left its sales forecast unchanged and continues to expect sales growth of between 10% and 15%. Further key figures and information will be published in the company's quarterly report on 16 November 2010. --------------------------------------------------------------------------- Information and Explaination of the Issuer to this News: hotel.de AG hotel.de AG, with its international brand hotel.info, operates a free hotel reservation service for companies and private customers at www.hotel.de and www.hotel.info. The company offers more than 210,000 hotels worldwide for booking online. Customers benefit in this respect from considerable cost savings. hotel.de shows all available room rates for each hotel, thus always enabling customers to select the lowest or most appropriate rate. All bookings are forward simultaneously, securely and directly to the individual hotel. This is guaranteed by the unique integration of hotels' own reservation systems (so-called CRS and PMS systems) and hotel.de's own myRES reservation system under hotel.de's standard user surface. hotel.de's corporate application is already used by well-known companies, such as BASF, SAP AG, Texas Instruments and Ernst & Young AG. Since January 2007, hotel.de has extended its portfolio to include a conference enquiries and booking system. Business customers in particular stand to save time and money due to the optimised conference organisation processes facilitated by this conference tool. hotel.info hotel.info - the international brand of hotel.de AG - was created to promote the company's expansion into international markets. To acquire new customers and hotels abroad, sales offices have already been opened in the UK (London), France (Paris), Spain (Barcelona), Italy (Rome) and China (Shanghai). The company's high share of business customers with international operations facilitates its entry into new markets. The aim is to establish hotel.info as the leading online hotel reservation service for business and private customers in the foreign markets mentioned and then step by step across the whole of Europe. --------------------------------------------------------------- Press contact: hotel.de AG Timo Vavrinec Hugo-Junkers-Str. 15-17 90411 Nuremberg Tel: +49 (0)911-59832-0 Fax: +49 (0)911-59832-11 E-mail: presse@hotel.de www.hotel.de Haubrok Investor Relations GmbH & Co. KG Simone Cujai Tel: +49 (0)211-171835-37 Fax: +49 (0)211-171835-38 E-mail: s.cujai@haubrok.de www.haubrok.de 03.11.2010 DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: hotel.de AG Hugo-Junkers-Str. 15-17 90411 Nürnberg Deutschland Phone: +49 (0)911 59832 2600 Fax: +49 (0)911 5983 211 E-mail: vavrinec@hotel.de Internet: www.hotel.de ISIN: DE0006910938 WKN: 691093 Listed: Regulierter Markt in Frankfurt (General Standard); Freiverkehr in München, Düsseldorf, Stuttgart End of Announcement DGAP News-Service ---------------------------------------------------------------------------
Latest News
Latest Reports
No Reports found
Upcoming Events
No Events found
Webcasts
No Webcasts found